Indiana is a state that is often considered as the orthopedics capital of the world and it also has the distinction of being home to the world’s second-largest automotive industry. Economists believe that if you form an Indiana business then your business can grow along with Indiana’s economy and become an integral part of an innovative business environment. Some of the top industries in the state include Auto manufacturing, Life sciences, Transportation, Information technology (IT) with IT-related marketing being at the forefront, and Research and Design.

We are one of the top Indiana registered agents and are familiar with all incorporation processes pertaining to the Indiana State and can provide information and assistance for successful set up of your business!

Let’s take a look at how to go about company formation in Indiana.

Indiana LLC Registration and Formation

LLC company formation in Indiana is governed by Indiana Code, IC 23-18-1-3. The procedure for registration and formation of LLC is as follows:

Step#1: Maintain a registered agent

One of the essential steps towards company formation in Indiana is hiring and maintaining an agent. Whether you form a Limited Liability Company or a C Corporation, each business entity in the state is required to maintain a registered agent pursuant to Indiana Code, IC 23-18-2-10 (LLC) and IC 23-1-24-1 (Business Corporations). We would take this opportunity to share with you the fact that we are one of the top registered agents in the state and have been responsible for over 11,494 businesses set up in Indiana.

We are in compliance with all regulations in the State of Indiana.

Step#2: Name Reservation/Registration

A business name is crucial to the existence of any business entity and without a name, an LLC or business entity will not get registered in the state. A domestic entity can reserve their name for a period of 120 days pursuant to Indiana Code, IC 23-18-2-8. The name reservation application has to be submitted to the Secretary of State. The naming requirements for company formation in Indiana highlights the fact that the chosen business name should be distinguishable from the name of any other entity on the records of the secretary of state.

Step#3: Articles of Organization and Foreign Registration Statement

Registration documents for LLC company formation in Indiana are separate for domestic and foreign business entities. If you are planning to form a domestic LLC then you will have to file “Articles of Organization” pursuant to Indiana Code 23-18-2-4. If you are planning to form a foreign LLC in the state then you will be required to file “Foreign Registration Statement” pursuant to Indiana Code 23-18-11-2. The registration documents have to be submitted to the secretary of the state.

We can file the form on your behalf as your registered agent in the state and provide you with certified copies of the LLC registration.

Should you have any questions regarding how to form an Indiana business, feel free to call us on 702-871-8678.

Indiana Corporation Registration and Formation

How do you form a corporation in Indiana? The incorporation of domestic and foreign business entities is governed by Indiana Code, IC 23-1-17-3 and IC 23-1-17-4. The process of incorporation is as follows:

Step#1: Maintain a Registered Agent

One of the essential steps towards company formation in Indiana is hiring and maintaining an agent. Whether you form a Limited Liability Company or a C Corporation, each business entity in the state is required to maintain a registered agent pursuant to Indiana Code, IC 23-18-2-10 (LLC) and IC 23-1-24-1 (Business Corporations).

We would take this opportunity to share with you the fact that we are one of the top registered agents in the state and have been responsible for over 11,494 businesses set up in Indiana. We are in compliance with all regulations in the State of Indiana and will assist you to form a corporation in Indiana.

Step#2: Name Reservation/Registration

A business name is crucial to the existence of any business entity and without a name; a business corporation will not get registered in the state. A domestic entity can reserve their name for a period of 120 days pursuant to Indiana Code, IC 23-1-23-1 for a business corporation. The name reservation application has to be submitted to the Secretary of State. The naming requirements for company formation in Indiana highlights the fact that the chosen business name should be distinguishable from the name of any other entity on the records of the secretary of state.

Step#3: Articles of Incorporation and Foreign Registration Statement

If you are planning to form an Indiana business entity then the most important step is to prepare and file the right registration or business formation documents. If you are planning to form a domestic Indiana corporation then you will have to file “Articles of Incorporation” pursuant to Section 23-1-21-3, 2015 Indiana Code. If you are planning to incorporate a foreign business entity in Indiana then you will be required to file a “Foreign Registration Statement” pursuant to Indiana Code 23-1-49-1. The registration documents have to be submitted to the secretary of the state.

We can help in streamlining the process of company formation in Indiana by filing documents on your behalf through the online process or through an expedited process.

If you have any questions regarding Indiana incorporation or LLC formation, you can simply visit the Indiana Business formation page.

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Once you have registered your new business, it is time to make it operational. Your business can only operate in the state when there is a proper business license or permit. It is important to know that Indiana does not have a single comprehensive license or permit for businesses. Any business in Indiana will be subject to regulatory requirements and this may involve different state agencies.

Indiana Business License Requirements

How do you obtain a business license in Indiana? More importantly, does your business require a license or a permit? Who is responsible for issuing these licenses? These are some of the important questions that you might be confronted with and hence, we have created a guide that will help answer some of these questions.

The most important step towards acquiring an Indiana company license is identifying the type of business.

The Industry or Business Type

The state of Indiana provides business licenses and permits to more than 400 different types of businesses. The type of industry or the activities a business is engaged in helps in identifying the type of business license required. At the same time, it is important to know that there are certain service-oriented businesses that will not require any business licenses for operating within Indiana.

In the state of Indiana, the requirement for a permit or business license is dependent on the type of industry or services. Some of the main categories of services for which a license or permit is required are:

• Contractor services
• Health and safety
• Day care services
• Transportation related service
• Financial services
• Alcoholic Beverages
• Specifically Regulated professions

State or Local Business License

There is another very important aspect that you need to consider. A business license in Indiana is not always issued by the state but also by local counties. There are certain businesses that may require multiple licenses or permits while others may require state business licenses and local county permit or vice-versa to operate. There are some businesses that may not require any type of business entity license under the federal or state law.

The next important question is how do you proceed? Once you have identified the area of location of your business, the industry, and the services offered, you will have to approach the right authorities for issuance of an Indiana company license.

Let’s take a look at an example to understand this better.

TYPE OF BUSINESS: RESTAURANT

If you are planning to establish a restaurant business that intends to sell alcoholic beverages like wine, beer, and liquor, then you will have to first identify the license type. In this case, if your business is Type-112 Restaurant and Beer & Wine Retailer then the next step would be to call the Alcohol & Tobacco Commission at 1-317-232-2430 and speak with a processor. They will be able to tell you if Type-112 business license is available in the county, city, or area where you are planning to locate your business.

Once the type of license required by your business has been confirmed, you will have to request the Alcohol & Tobacco Commission to send you the necessary forms.

After you have filled up the Indiana business license form, you have to submit the application to the Alcohol & Tobacco Commission along with the prescribed fee. The processing time can take anywhere from 10-12 weeks.

NOTE: It is also important to note that most of the counties in the state of Indiana require businesses to acquire a permit to operate a “Retail Food Establishment”. Apart from this, several health and sanitary certifications would be required prior to making your restaurant operational.

The bottom line is that the type of business license, the issuing authority, and licensing fee will depend on the city or county where your business is registered or based.

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Setting up a new business can be quite a cumbersome process but the most important thing to keep in mind is choosing the state to establish your business in. People interested in register a new company in Indiana need to be sure the state offers them benefits that will aid in their growth in the long run.

Indiana with a Gross State Product of $336 billion is considered among the top 10 states for business by Forbes. The state offers new businesses:

• A strong economic climate
• Growth prospects in the competitive national and international markets
• Lower business set up and operation costs
• Variety of incentives

Advantages of setting up an LLC or Corporation

When it comes to establishing a startup company Indiana what type of business should you opt for? In the state of Indiana, you can choose between informal associations (sole proprietorship and general partnership) and formal associations (LLC, C Corporation, S Corporation, limited partnership, and limited liability partnership).

If you are planning to form an LLC or a Corporation what benefits are you likely to get in the state? Let’s look at the advantages of the most common forms of formal associations:

Advantage#1: Salient benefits of Corporation or LLC formation

Corporation

• Independent Life: If you register a new business in Indiana as an S Corporation then the most important advantage is that it will enjoy an independent life. The business entity will continue operation undisturbed even if it is faced with the death of one of its stockholders.
• Change in Ownership: If you have formed an S Corporation in Indiana then sale, purchase, as well as gifting of stock can facilitate changes in ownership. The changes can take place without disturbing the ability of the corporation to conduct its business.
• Raise additional Funds: If you register a new company in Indiana as a C Corporation then the business entity will be able to raise additional funds through sale of stock.

LLC

• Limited Liability: The owner of an Indiana LLC will be able to enjoy limited liability protection, which means creditors can sue the LLC but not the owner or investors.
• Flexible Profit Distribution: When you register a new business in Indiana as an LLC, it will enjoy the benefit of being able to select different ways of distribution of profits.
• Flow through Entity: An LLC is considered to be a flow through entity, which means the LLC will not be subjected to corporate income tax.
• No Minutes of meetings: Unlike a corporation, an LLC startup company in Indiana will not be required to maintain any minutes of the meetings or resolutions.

Advantage#2: Business Incentives

Are there any other advantages that a startup company Indiana can leverage? There are several state and federal incentives, loans, grants, tax credits etc., available to small and medium sized enterprises. Let’s take closer look at the most popular incentives for businesses in Indiana:

• Indiana Enterprise Zones: If you register a new company in Indiana Enterprise Zone then your business entity can leverage from a variety of incentives and tax credits. If your business was situated in Bloomington, which is one of the Indiana EZ’s then your business would benefit from a variety of credit programs like Inventory Tax Credit, Investment Cost Credit, Employment Expense Credit, Loan Interest Credit, and Gross Income Tax Exemption.
• Hoosier Business Investment (HBI) Tax Credit: This is a type of incentive program targeted at a startup company in Indiana in order to bring in capital investment, support job creation in the state, and lead to overall improvement in the standard of living for residents.
• Research & Development Sales Tax Exemption: This is a program which allows businesses involved in research and development leveraging from a 100 percent sales tax exemption.

If you register a new business in Indiana, there are several other incentive programs that you can benefit from including Industrial Development Grant Fund, Economic Development for a Growing Economy (EDGE), Headquarters Relocation Tax Credit (HQRTC), Skills Enhancement Fund (SEF), and Venture Capital Investment Tax Credit (VCI) among others.

Are there any Disadvantages of Incorporating in Indiana?

A startup company in Indiana, whether domestic or foreign will enjoy more benefits in the state. Of course there are a few disadvantages like: incorporation may lead to higher overall taxes. The good news is that the disadvantages will not have any negative impact on your business growth in the long run.

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Once your company is set up, you will need:

1. Tax ID (EIN) – free over the Internet or phone.
2. File California Statement of Information (Initial List) – report names of officers or member/managers that must be filed with the California Secretary of State within 90 days after filing original articles, and every year thereafter in the applicable filing period.
3. Read our What’s Next instructions for detailed info about steps to be taken once your company is set up.
4. Company Minutes & Stock Certificates – are included in incorporation. You will have access to documents generated on your client account.

Yearly requirements and fees for California corporations

Annual list (Statement of Information) has to be filed yeach year. We will remind you by email about this requirement 1-2 months before it is due. Be sure to keep updated information with us!

Franchise Tax. Every California company is subject to an additional Franchise Tax that is $800.00 per year.

Resident Agent annual fee is $89.00, but if you pre-pay, we give you additional years for only $40.00.

California additional services

• Registered Agent
• Annual Report
• Mail Forwarding
• EIN (Tax ID)
• More Additional Services

• Why California?
• California Registered Agent
• California Annual Requirements
• California Corporation Statutes: California Corporations Code; Title 1; Division 1, Chapters 1 – 23

• Why California?
• California Registered Agent
• California Annual Requirements
• California LLC Statutes: California Corporations Code; Title 2.5; Chapters 1-14